Loan Think

What We're Hearing

After several months of talks with their regulator and customers (and plenty of rumors), Fannie Mae and Freddie Mac are coming to the rescue of non-bank mortgage firms that need warehouse credit. An announcement is expected any minute. As long as a lender has a commitment to purchase a newly originated loan from a GSE the capital charge against an outstanding line of credit should not be a problem -- or so we are told. For the full story (with all the details) see the National Mortgage News website shortly. Meanwhile, NMN reporter Bradley Finkelstein is about to report on former Cityscape Mortgage chief Bob Grosser joining a luxury lender...

Processing Content

For reprint and licensing requests for this article, click here.
MORE FROM NATIONAL MORTGAGE NEWS
Load More